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Firstly it's my pleasure as the CEO of AsiaBaseMetals Inc. (the "Company" - Futura Capital Group Company) to convey my messages on the Company's website for you, the Company's valued shareholders, investors, guests and visitors. (Note: A Company Brochure is available in the Document Library)
To keep you informed, the CEO & Chairman of the Board Message provides CEO's Corporate-Update (providing warranted details), from time to time, as set out below. Further please note: a "Quick Summary" of this complete update set out below is provided under the heading "CEO's Corporate-Update (Quick-Summary)" on the "Home-Page" for your convenience & quick review.
Rajinder (Raj) Chowdhry - CEO & Chairman of Board
March 25, 2025
AsiaBaseMetals Inc. (the "Company" - Futura Group Company) is strategically positioning itself to capitalize on an anticipated upturn in the junior mining sector (the "Mining-Sector Up-Turn"). This capitalization on the Ming-Sector Up-Turn will be accomplished through the Company's prudent advancement of its current highly prospective Gnome (Zinc / Cobalt) project and acquisition of additional mineral assets with a focus on Copper ("Cu"), Silver ("Ag") and Gold ("Au") projects; especially Copper to diversify the Company's mineral project assets.
The Company's primary & highly prospective Gnome Zinc/Cobalt project (the Gnome-Project"), is located in the Kechika Trough (the Kechika-Trough") of the regionally extensive Paleozoic Selwyn Basin (the "Selwyn Basin"), a region that also hosts several significant notable deposits (the "Significant Notable Deposits") in British Columbia, Canada.
Notable Deposits: Near / Adjacent to the Gnome Project
Note: Comparison of projects provided below - See Heading: Comparing Projects - In Gnome Area (Kechika Trough)
CAUTIONARY NOTE: Pursuant to Regulatory Rules - I hereby inform you & acknowledge that my thoughts, opinions and statements which I'm about to share with you certainly likely considered forward-looking statements. As such, I urge & insist that you read the "Cautionary Disclaimer" available on the Company's website; especially because I'm required to inform you do so under Regulatory Rules.
NOTE: Forecast Time-Line as outlined may change , either way due to factors yet unseen - but surely ...
"YOU KNOW - ITS ONLY MATTER OF TIME" ! ** (Seeking Personal Financial Advisor's Agreement Recommended pursuant to Disclaimer)
Team's Past Performance: worth noting:
Right Team Is Key
An Experienced, Knowledgeable and Dedicated Team is a must for effective Diversification & Advancement of Projects Prudently (as outlined below), especially Under Adverse Market Conditions generating cyclical-downturns (Now Further Impacted By Trade-Wars). The Team must perform effectively, ensuring Minimization of Undue Shareholder Dilution, hence Enhancing Shareholder Value.
The Company led by an accomplished, successful, experienced and entrepreneurial business and mining team (the "Team" - consisting of the Directors, Management & Advisory Board) continues, as it has in the past, to minimize undue shareholder dilution while prudently advancing its current highly prospective Gnome-Project through mining sector's Decade-Long Downturn resulting from adverse market conditions. Conditions magnified by economic difficulties caused by the historic Covid epidemic’s supply-chain issues & resulting in high inflation rates that resulted in the implementation of increase in interest rates [highest rates in last forty (40) years] to fight inflation.
Team's past performance Is worth noting:
The right time to Acquire Advanced Copper & Gold Assets is "Now". Our Team can accomplish it, and "again" with your support, the shareholders/investors, as was done by the Team with the above noted (1) Black Butte Copper Deposit, (2) the Gahcho Kue Diamond Deposit, and (3) the Kolwezi Tailing Project , a project originally held by America Mineral Fields (name changed to Adastra Minerals which was acquired by First Quantum - May 1, 2006).
Well, it's "Time to Review the Facts".
Gnome Project (the "Project"), a 100% owned Cobalt/Zinc exploration property is in the heart of an area that is home to both the Cirque deposit held by a Teck & Korea Zinc Joint Venture (T-KZ-JV) and the Cardiac Creek deposit (held by ZincX, a junior company).
DISCOVERY OF COBALT (Co) - GNOME PROJECT
FIRST IN REGION TOGETHER WITH ZINC
Soil Geochemical Survey Results - 2018
Anomalous Cobalt (0.58% Co) together with Zinc (up to 5.99% Zn) and Manganese (up to 10.6% Mn)
(see Corporate Presentation / Company's News Release Oct 29, 2018)
Note: No Preliminary Economic Report (PEA) Prepared, nor Planned until Project is further advanced.
Exploration Costs to Date
(Estimate: Based on Current Day Rates)
Less than $1 million
(AsiaBaseMetals - Under $500 K)
Note: No Preliminary Economic Report (PEA) or other information is made available by T-KZ-JV (50% each).
Exploration Costs to Date
(Estimate: Based on Current Day Rates)
Over $80 million
(T-KZ-JV & Predecessors)
Pre-Tax NPV: $649 m
Capex: $ 257 m
Post-Tax IRR: 27%
Exploration Costs to Date
(Estimate: Based on Current Day Rates)
Over $100 million
(ZinX & Predecessors)
INVESTMENT TO DATE: Only Thousand's ($) Spent to date by AsiaBaseMetals
Ownership: Gnome Project is now owned 100% by AsiaBaseMetals.
Exploration Work Program of the Gnome Project (2018) Discovered:
NOTE:
Let's next look at the Project's Highlights & Advantages (see below).
INVETMENT TO DATE: Estimated - In Excess of $80 Million at today's cost - spent to date by Teck/Korea Zinc JV (T-KZ JV - 50% each) & previous owners. (Note: Teck has not disclosed amounts spent to date).
Ownership: Cirque deposit is now held 100% between Teck Resources Limited ("Teck") and Korea Zinc ("KZ") through a joint venture (T-KZ JV - 50% each).
In 1995 a Prefeasibility study was completed for an open-pit mine operation with a 7.3:1 stripping ratio and reserves of 18.5 million tonnes at 8.1 per cent zinc and 2.2 per cent lead (Exploration and Mining in BC 2013). A feasibility study in 1995 indicated that better market conditions would be required to mine the orebodies. Prior to 1995, 360 diamond drill holes (74,262 metres had been completed on the property, including 27 holes targeting the North Cirque orebody, 32 holes targeting the South Cirque orebody, and 11 exploratory holes north of the main orebodies).
Pursuant to British Columbia Ministry of Energy and Mines Report (2013), drilling delineated historical resource estimates for the North Cirque zone and the South Cirque zone.
Note:
INVETMENT TO DATE: Estimated- Approximately $100 Million Spent to date by ZincX
Ownership: Cardiac Creek deposit is now held 100% by ZincX
PEA: Pursuant to 2016 Preliminary Economic Report ("PEA") the deposit has:
NOTE:
Several Areas Identified (A through F) - For Drill Testing With Deeper Drill Holes (125+ m). more..
Risk Management: As you all appreciate, the Mining Industry is considered a high-risk business. "To mitigate Risk", even when drilling the best of properties, with immense potential, one needs to add additional prospective advanced projects, especially when the time to do so is opportune, as is the case now.
Focused Team - Delivering Shareholder Value: The Company's whole team is focused on delivering shareholder value to all shareholders of the Company, as can be seen to date. I not only serve the Company, the Company's team, each of the Company's Shareholders, and each community and country where the Company conducts business; I also do it as a significant shareholder [as per my shareholder filings on the System for Electronic Disclosure by Insiders ("SEDI")].
The Company & I thank you: Your valuable time to read my my Update Message, and for your continued support as the "Company having Forward Thinking" creates and delivers results and value for all shareholders, is truly appreciated. I recommend that you view the Company's Brochure (t e "Brochure") available on the Company's website (in the Document Library Section) for more information & details. and read the full Disclaimer provided on the Company's website.
"Raj Chowdhry"
CEO & Chairman of the Board
NOTE: Click Here - To Read Full Disclaimer - Covering All Content & Statements Above
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